One of the greatest financial leaks in history: 11 million papers leaked from Panama firm expose assets as well as the billions trail of Russian president.

In one of the biggest financial leaks in history, news outlets around the globe today (Sunday) expose the devious ways in which some of the world’s wealthiest leaders and celebrities acquired their wealth, including some of Putin’s closest friends.

Vladimir Putin

In close to 11 million documents that were leaked from law firm Mossack Fonseca in Panama, a great number of deals and loans are exposed, some of which made Putin’s ‘inside circle’ very wealthy indeed. The documents also arise suspicion of money laundering in excess of $1 Billion.

The leak also reveals assets of 12 other politicians and other known figures who still hold office. Among them are some that attacked corruption in their respective countries.

Putin’s name isn’t specifically mentioned in these documents, but according to ‘The Guardian’, some of his close associates benefited from deals that supposedly could not have gone forward without his direct approval.

Sergei Roldugin, one of Putin’s closest friends is said to have gained over $100 million in these deals, with money moving through several countries, including Panama, Russia, Switzerland and Cyprus.

A FIFA ethics committee member is also mentioned as a figure who gained from the ongoing corruption of the organization along the years. Other country leaders implicated in secretly holding off-shore accounts vary from China to North Korea, Zimbabwe, Iran and Syria. All were clients of the mega law firm located in Panama.

The German newspaper Sueddeutsche Zeitung is responsible for revealing the documents and sharing them with media outlets around the world.